NEARING SUPPORT LEVEL

Market has reacted sharply and is reaching oversold levels. Today's pivot is 2768 with resistance at 2774-2793 and support at 2735-2717. Trading strategy for today should be to cover shorts around 2717-2735 or keep trailing stop loss of NF 2762 as we can see exhaustion of selling today and can see bounce to 2840 level though the trend has turned down. Support is NS 2728.